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$SWN 2Q15 PR: Exploration and Production revenue was $490MM vs. $725MM in 2Q14. Midstream services revenue was $766MM vs. $1,131MM in 2Q14. Total Appalachia net production was 122 Bcfe. At 2Q15-end; SWN had 319 operated horizontal wells on production and 35 operated horizontal wells in progress. Net cash provided by operating activities was $399MM.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.